Are you moonlighting or working a second job? I don’t know many cops who don’t. It seems like we are always searching for something more. Maybe we want to earn a little extra cash or socialize with the people or maybe we need that extra cash. How much of your earnings from any side jobs you work are you actually investing or even saving?
Earning extra cash is nothing new in this world and with the economy in the U.S. the way it is, it seems like those extra earnings are the only way that many people are even getting by with their bills. It seems that when your primary job is peace officer or law enforcement of any kind that it shouldn’t have to be that way but it is.
Maybe you should consider starting your own business on the side instead or if you have the time and energy start a business in addition to everything else you are doing. That way you could have a place to channel all of that extra cash where it could actually grow instead of disappear and could really benefit you in the long run.
Starting a business isn’t for everyone. It takes a lot of hard work and some real dedication. If you think this might be something you want to investigate here is a PDF document that will help you get started. This document is just a starting place but it give you some information to start your thinking in the right direction and some links onto the internet that will give you resources if you want to go further.
You might also check out some of the books listed in the May 1, 2008 posting in the Plan Your Finances section of this site that lists several books I recommend you read. During my career I was always moonlighting or working off-duty uniformed jobs. I have started several of my own businesses and as this site develops I will experiment with several more so you can learn from my mistakes or successes as the case may be. I will try to find something that I think any working law enforcement professional could do while still maintaining a successful career and investing for their future with a easy to manage, profitable business.
Stay tuned for more…